CUSTOMS AND GST II

Assignment 2

Q.1. Explain the different kinds of Duties levied under the Customs Act..

Q.2. State the provisions for ‘Clearance of goods for home consumption’ under the Customs
Law.

Q.3. Explain the Deductive Value Method for Computation of Transaction value in case of
Imported Goods.

Q.4. Explain the Computed Value Method for Computation of Transaction value in case of
Imported Goods.

Q.5. State the rules regarding Determination of Transaction Value by Comparison in case of
export goods.

Q.6. Write a detailed note on Procedure for Import of cargo through Sea Route.

Q.7. Write a detailed note on Procedure for Export of cargo through Sea Route.

Q.8. State the provisions regarding Goods Imported or to be Exported by Post.

Q.9. Determine the customs duty payable including the safeguard duty of 20% under section 8B
of the said Act with the following details given below:
Import of Sodium N from a developing country from 25th September, 2016 to 24th September,
2017 (both days inclusive)- Rs. 80,00,000
Share of imports of Sodium N from the developing country against total imports of Sodium N to
India - 4%
Basic Customs Duty - 10%
IGST payable on such goods in India - 18%
Education Cess - 2%
Secondary & Higher Education Cess - 1%

Q.10. Write short notes on the following:

a) FOB and CIF

b) Differences between transit and transshipment.
c) Anti-dumping duty
d) Duty Drawback.
e) Duty on Pilfered Goods
f) Derelict
g) Jetsam
h) Flotsam
i) Wreck

______________________________

(1)
CS Sangeeta Bagga